Cash Flowing Smoke and Convenience Store with Contingent Lease Buyback
Business Description
Established smoke shop and convenience store in Warren, MI offering exceptional value with strong cash flow and unique lease advantages. This turnkey operation generates $325,000 in annual revenue with $30,000 in seller's discretionary earnings, providing a solid foundation for growth.
BUSINESS OVERVIEW:
Operating since 2023, this neighborhood favorite has quickly established itself as a community staple. The 1,550 square foot retail space is strategically located near industrial warehouses that regularly purchase from the business, ensuring consistent commercial customer traffic.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $325,000
- Cash Flow: $30,000
- Comprehensive inventory package worth $60,000 included
- Monthly lease: $2,000 with favorable terms through December 2032
- Unique lease buyback option providing additional value potential
OPERATIONAL ADVANTAGES:
- Easy-to-manage business model perfect for owner-operators
- Established customer base with strong community loyalty
- Prime location with nearby warehouse district providing commercial accounts
- Extensive inventory including lottery tickets and premium vaping products
- Square POS system with one week training included
GROWTH POTENTIAL:
Significant expansion opportunities exist through increased marketing to local businesses, industrial accounts, and residential neighborhoods. The established customer relationships and strategic location provide an excellent platform for revenue growth.
This cash-only opportunity represents exceptional value at $125,000, offering both immediate cash flow and operations.
Ideal for entrepreneurs seeking a profitable, established business with strong community ties and growth potential in Macomb County's thriving market with the understanding that they could also exit with a healthy profit quick if buyback goes through.
BUSINESS OVERVIEW:
Operating since 2023, this neighborhood favorite has quickly established itself as a community staple. The 1,550 square foot retail space is strategically located near industrial warehouses that regularly purchase from the business, ensuring consistent commercial customer traffic.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $325,000
- Cash Flow: $30,000
- Comprehensive inventory package worth $60,000 included
- Monthly lease: $2,000 with favorable terms through December 2032
- Unique lease buyback option providing additional value potential
OPERATIONAL ADVANTAGES:
- Easy-to-manage business model perfect for owner-operators
- Established customer base with strong community loyalty
- Prime location with nearby warehouse district providing commercial accounts
- Extensive inventory including lottery tickets and premium vaping products
- Square POS system with one week training included
GROWTH POTENTIAL:
Significant expansion opportunities exist through increased marketing to local businesses, industrial accounts, and residential neighborhoods. The established customer relationships and strategic location provide an excellent platform for revenue growth.
This cash-only opportunity represents exceptional value at $125,000, offering both immediate cash flow and operations.
Ideal for entrepreneurs seeking a profitable, established business with strong community ties and growth potential in Macomb County's thriving market with the understanding that they could also exit with a healthy profit quick if buyback goes through.
About the Business
- Years in Operation
- 3
- Employees
- 2 Full-time
- Facilities & Assets
- All inventory, lottery tickets, and the bullet proof glass and buildout thereof. Tons of extra shelving too. You are also buying a contingent 88k lease buyback option from the landlord included in purchase price. Landlord will only accept highly qualified buyers.
- Market Outlook / Competition
- Great location lots of nearby warehouses that buy from us.
- Opportunities for Growth
- Market more to local shops and entities and the local neighborhoods.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,550
- Rent
- $2,000.00 per month
- Lease Expiration
- 12/13/2032
About the Sale
- Seller Motivation
- Moving on to other ventures.
- Transition Support
- Will train 1 week on square POS.
- Financing Options
- Cash Only
Listing Info
- ID
- 2458813
- Listing Views
- 14
Listing ID: 2458813 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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